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Dec 11, 2012
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>> you know opec is becoming more exciting. melissa: it is. >> power grab for what little power opec really has nowadays. we're coming off stories u.s. domestic production is through the roof. our friends in canada still sending us oil. opec is trying to stay relevant. right now they're struggling with that. who wants to produce as much oil? the saudies are always on top. venezuela is always very vocal. at the end of the day opec is becoming quieter and less relevant. melissa: it is but still 40% of the world's oil. patrick, thanks for coming on. you're always fantastic. >> thanks. melissa: time to check the fuel gauge. natural gas line exploded in west virgina. the massive inferno engulfed five homes. shut down interstate 77. no injureries luckily have not been reported yet. a cause for the blast has not been determined. >>> opec's oil out put fell in november. platts said the production% slipped by 91,000 a barrels a day. 31.17 million. the reduction largely do to 232,000 barrels a day cut back by saudi arabia. opec's output
>> you know opec is becoming more exciting. melissa: it is. >> power grab for what little power opec really has nowadays. we're coming off stories u.s. domestic production is through the roof. our friends in canada still sending us oil. opec is trying to stay relevant. right now they're struggling with that. who wants to produce as much oil? the saudies are always on top. venezuela is always very vocal. at the end of the day opec is becoming quieter and less relevant. melissa: it is...
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Dec 31, 2012
12/12
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te the opec nation that we don't want your oil anymore. we are producing methanol or soline from natural gas. we are going to keep the money in this coutry, invested over and over again, create jobs and counties that haven't seen job creation in decad to end this would just multiply. on top of that, it's not just drillers who succeed landowners. it is the people who make the equipment. we have such a boom opportunity here that it would be shameful for hollywood set the wrong impression in people's minds at the facts do not bear up under the hollywood interpretation. gerri: let's be clar. pennsylvania, ohio, you look across the region are it a real renaissance for the first time for areas where people were just desperate for some kind of economic jolt. here they have it. they have it from their own soil, right from their backyard. epa is going to step in here. we will see what happens. thank you for coming on tonight. happy new year to you. >> thank you and happy new year to you as well. gerri: thank you so much. welcome to the northeast is
te the opec nation that we don't want your oil anymore. we are producing methanol or soline from natural gas. we are going to keep the money in this coutry, invested over and over again, create jobs and counties that haven't seen job creation in decad to end this would just multiply. on top of that, it's not just drillers who succeed landowners. it is the people who make the equipment. we have such a boom opportunity here that it would be shameful for hollywood set the wrong impression in...
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Dec 20, 2012
12/12
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high but part of a highly lucrative yet little notice commodities market that canadians dominated by opec domination of the world oil markets. monopolizing the maple syrup market producing as much as 70 percent of the high-value commodity. since 1999, the province use the marketing system that set strict quotas for producers and requires them to sell to a federation in the spring of 2011 a critical change said that peace plan in motion. a good harvest meant maple syrup production shares spiked. so much protection the federation was forced to add a warehouse, its third, to accommodate overflow. into the seven criminals. hoping to score the perfect heist, their goal, to steal as much as their sticky hands can handle from the strategic maple reserved. that is what it's really called. first, the ridge to the portion of the new warehouse which allowed them to drive large trucks into the building. then they began emptying the barrels of maple syrup, refilling them with water. they refilled that serve on the open market setting themselves up as legitimate maple syrup dealers and because kershaw
high but part of a highly lucrative yet little notice commodities market that canadians dominated by opec domination of the world oil markets. monopolizing the maple syrup market producing as much as 70 percent of the high-value commodity. since 1999, the province use the marketing system that set strict quotas for producers and requires them to sell to a federation in the spring of 2011 a critical change said that peace plan in motion. a good harvest meant maple syrup production shares spiked....
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Dec 11, 2012
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i believe al-naimi is such a good representative of opec. he came out back in april when prices were running up and showed his frustration and said look, we need to get prices down. saudi arabia is the lynchpin of opec. they have spare capacity. they already have the production levels there that they can put onto the market. so that is what he did back in april. that is what kept prices down. he did a successful job there assad saud did. and they just really highlighted they're really in control. that is why you have seen -- go on. melissa: the other side has gotten really aggressive. we saw at the last meeting, rafael ramirez, representative from venezuela getting up talking about the fact they have more proven reserves than saudi arabia. saying they're a bigger oil giant. they brought studies from bp along to back the claim. if you look at opec's website now, they recognize venezuela being on top even though their production really lacks, but, you know, is the thooid turning inside opec? >> that is exactly the point there you made, melissa
i believe al-naimi is such a good representative of opec. he came out back in april when prices were running up and showed his frustration and said look, we need to get prices down. saudi arabia is the lynchpin of opec. they have spare capacity. they already have the production levels there that they can put onto the market. so that is what he did back in april. that is what kept prices down. he did a successful job there assad saud did. and they just really highlighted they're really in...
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Dec 13, 2012
12/12
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i mean the more domestic supply we have, the less we depend on opec ps of the world, no question. the problem we have as the world though, 92 million barrels a day roughly what the production is. that is about a million barrels a day of excess capacity. so any little flare-up in the middle east will impact world oil prices. ashley: so do you think we'll be energy independent anytime soon? we're almost there. >> yeah. i think by "20/20" -- 2020 we have legitimate chance between all the natural gas we're bringing on and oil we're bringing on, on energy equivalent basis we'll be independent. we'll be importing oil and exporting gas as lng, very good, interesting stuff. john shiller, chairman of energy defend one. john, thank you so much. we appreciate it. >> thank you for having us. tracy: you make a great point, saudi arabia will not be very happy about our quest for independence. ashley: that is real threat to them. tracy: big-time. is the federal reserve stimulus actually bad for investors? yeah, one major bank says yes. liz macdonald back and on the story. ashley: but first let's
i mean the more domestic supply we have, the less we depend on opec ps of the world, no question. the problem we have as the world though, 92 million barrels a day roughly what the production is. that is about a million barrels a day of excess capacity. so any little flare-up in the middle east will impact world oil prices. ashley: so do you think we'll be energy independent anytime soon? we're almost there. >> yeah. i think by "20/20" -- 2020 we have legitimate chance between...
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Dec 22, 2012
12/12
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what oil is to opec, syrup is to the federation of quebec. went down like this. thieves who were basically inside guys entered part of a warehouse with 16,000 drums were stored, then loaded up trucks with their bounty and started selling to buyers in canada and across the border in new hampshire and vermont. we also know how seriously this crime is being taken. roughly 300 people have been questioned and 40 search warrants enacted so the five suspects still on the run know that justice will likely be served and it will likely be sweet. want to find out what my guests now know they didn't know when they began the week. glenn? >> the country continues to mourn the deaths of 20 children in newtown, connecticut but at the same time, the u.s. government continues a drone program in multiple muslim countries that continues to kill hundreds of children and innocent people around the world. we know how much a community is devastated, a country is devastated by the death of innocent children using violence. time we started thinking about how communities are affected by ou
what oil is to opec, syrup is to the federation of quebec. went down like this. thieves who were basically inside guys entered part of a warehouse with 16,000 drums were stored, then loaded up trucks with their bounty and started selling to buyers in canada and across the border in new hampshire and vermont. we also know how seriously this crime is being taken. roughly 300 people have been questioned and 40 search warrants enacted so the five suspects still on the run know that justice will...